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<p>The practical issues that prevented the inclusion of Company Owner-Managers in
the original Self-Employment Income Support Scheme (SEISS), namely not being able
to verify the source of their dividend income without introducing unacceptable fraud
risk, still remain.</p><p> </p><p>As with the previous SEISS grants, it is not possible
for HM Revenue and Customs (HMRC) to distinguish between dividends derived from an
individual’s own company and dividends from other sources, and between dividends in
lieu of employment income and as returns from other corporate activity.</p><p> </p><p>This
means, unlike the SEISS grants that use information HMRC already holds, targeting
additional support would require owner-managers to make a claim and submit information
that HMRC could not efficiently verify to ensure payments were made to eligible companies
for eligible activity. This is about managing and securing the SEISS Grant Extension
against fraud risk and misuse.</p><p> </p><p>These eligibility criteria strike the
right balance between ensuring support is granted to those who need it, whilst protecting
value for the taxpayer.</p><p> </p><p>Those ineligible for the SEISS Grant Extension
may still be eligible for other elements of the unprecedented financial support available.
This includes Bounce Back loans, tax deferrals, rental support, mortgage holidays,
self-isolation support payments and other business support grants.</p>
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